About your Search

20121201
20121231
Search Results 0 to 9 of about 10 (some duplicates have been removed)
for joining us. >> how are you? >> let's talk about these numbers on friday, the surprisingly strong jobs numbers. 146,000 new jobs created. the unemployment rate dropping to 7.7%. we were expecting some impact from the super storm sandy in earlier thanksgiving. what do the numbers say about the economy? >> apparently we are still struggling. these are not hugely wonderful numbers but undoubtedly we're moving in the right direction. the early thanksgiving may have canceled out negative effects of sandy. sandy really did not have much of an effect in november. >> interesting -- do you think we'll see revisions next month? >> we probably will. every month we're seeing revisions and so far they have been downward. the revisions we saw friday for october and september, were both downward slightly. i wouldn't be surprised if we see downward revisions coming up. >>> the other big story we're talking about is the fiscal cliff. can you help us read the tea leaves. we heard from timothy geithner and he was asked, if you.n don' get higher tax rates on the rich and doing away with loopholes, exempti
. consumer spending, of course, makes up about 70% of the u.s. economy. if you have been missing the google maps app on your iphone, you should be able find it now. it's been three months since apple replaced google maps. that was not nearly as popular and not nearly as good. google released its free application this week, and it's expected to become one of the hottest commodities in the apps store. >>> a bold move by the fed seemingly no moves at all when it comes to the debt ceiling and debt issues. two big stories. what do they mean and what happens next? joining me now is bob nardelli, former ceo of home depot, former chairman of chrysler, and president of the private equity firm x lr-8. >> thank you. >> as a businessman, what is your take on the fiscal cliff issue? how do you think these negotiations end? >> well, i mean there, is so much speculation out there and such a broad range of opinions. i guess if i had to predict, i would say we probably will not reach agreement and there is a high probability we will go over the cliff, and the impact of that, the repercussions i think are ca
.7%. the gdp is the broadest measure of the size and straeength of t u.s. economy. >>> the treasury department announces a plan to sell remaining shares to gm. that after bailing out the giant automaker. it will cost taxpayers $12 billion but saved more than a million jobs in the industry. >>> it's not much time left before the bush tax cuts expire and the automatic spending cuts kick in. the dreaded fiscal cliff that will likely have a powerful impact on the economy can washington actually come to an agreement and what's going on behind the scenes? don peebles, chair monday and ceo of the peebles corporation, don was a leading fund-raiser for president obama. good to see you. >> thank you. >> a lot of drama happening in washington. let's talk about the fiscal cliff. what's your take on how this plays out? now with just a few days left in the year to get this deal done. >> i don't think they're going to come back after christmas. i think that we will see them back in early january to make a compromise. i think that comp promise is gog be in between where the president is and where the speaker
strategist with tcw and jim paulsen at wells capital management. good to see you. thank you for joining us. >> thank you. >> sri, your thoughts on the fiscal cliff. you say even if washington comes to a compromise we will see a drag on the economy and markets. why? >> i think we are going up the fiscal mountain now. it doesn't have to be a fiscal canyon. you don't have to have a lack of agreement and falling off the cliff in order for you to have a negative impact on the economy. even if you are coming down a fiscal slope with increase in some of the tax rates, for instance, expiring the payroll tax cuts to expire or minimize taxes to hit some people. high tax residents new york, california may find some of the deductibility of taxes is restricted. all of that is going to have a negative impact on consumption. we have seen the third quarter show that consumption increase is slower than expected. that's going to get accentuated as we go into the new year, which is why i think even if there is an agreement the impact is going to be quite negative. >> jim, you disagree. you call it a mole hil
, all the major averages were still showing positive performance for the year of 2012. meantime, the u.s. is set to reach the debt limit on monday. that, according to treasury secretary tim geithner in a letter to congress, though, he did say he expects to take what he called extraordinary measures to extend the government's borrowing ability for another two months or so. and even your cup of coffee wants a deal on the fiscal cliff. baristas at the 120 starbucks in washington, d.c. were encouraged by management to add a shot of bipartisanship to their drink orders and remind customers in our nation's capital to come together. >> wall street is typically quieter this time of year. of course, this last week of 2012 was marked by investor concerns over congress' new year's eve plans and that looming fiscal cliff. so what impact does it have on your money? alison deans is with us, senior adviser at varick asset management. nice to see you. happy new year. do you have two plans for 2012, one that includes the fiscal cliff and one that doesn't? how do you prepare for the new year as an investo
us read the tea leaves here? this week we heard from timothy getter in, the treasury secretary. a reporter at cnbc asked if you don't get higher tax rates on the rich and republicans come up with doing away with loopholes and exceptions are you prepared to go over the fiscal cliff and he said absolutely. kpub cans with their counterproposals this week. what's behind closed doors? how do you read this? >> you know as well as i do, what happens in the public when you have intense negotiations going on is really, is no reflection of what is going on in negotiations. i think it is important the president and white house and tim geithner think it is important to keep the possibility of going over the fiscal cliff to keep pressure on the republicans and the republicans are starting to talk about the possibility of holding up the debt ceiling come january or february. that's their trump card, as well. >> you are focused on taxes. much of the conversation has been on taxes and raising rates and revenue. we are not seeing the same conversation when it comes to size able spending cuts. >
. that fiscal cliff and its potential impact on our economy brought lawmakers from both uses to washington for last-minute negotiations. concerns about the cliff spooked investors, the holiday shortened trading week was lighter in volume but higher in volatility. the worst decline of the month on thursday after a disappointing read on consumer confident and some public statements by congressional leaders. and yet with one final trading day to go, all the major averages were still showing positive performance for the year of 2012. meantime, the u.s. is set to reach the debt limit on monday. that according to treasury secretary tim geithner in a letter to congress, though, he did say he expects to take what he called extraordinary measures to extend the government's borrowing ability for another two months or so. and even your cup coffee, once a deal on the fiscal cliff. baristas at the 120 starbucks in washington, d.c. were encouraged by management to add a shot of partisanship to their drink orders and r remind customers i our nation's capital to come together. >> wall street is typically
Search Results 0 to 9 of about 10 (some duplicates have been removed)